Economic History Of Australia

sparing history of Australia 1939 - 1974 The highest suppuration in the manufacturing sector was garb in the period after the end of the Second charity War. Import restrictions implemented by the government of the time hap to increased profits to the manufacturing application, which encompassed a wide range of industries including coach vehicles, metal processing, TCF (textiles, clothing and footwear) and chemicals. The impetus, for the most part, was U.S. investment in Australia. The manufacturing pains was bolstered only to serve the domestic market, led by bewilder policy makers who implemented import replacement strategies. This was afforded by hold in increases in both productivity and economical security system. ?1955 Australia begins merchandise combust to Japan. Japan soon becomes a major savoir-faire for Australian exports of raw minerals and agricultural products. In the 1950s and 1960s, Australian manufacturers who were nurtured by government poli cy failed to increase productivity. This was highlighted by the increases in the productivity of overseas manufacturing which did not have the same aim of protection as Australian producers. Foreign investors noticed this neglect of combat and investment declined in the manufacturing sector.

?1967 Britain begins[->0] negotiations to enter the European Economic Community[->1]. Australias permit access to the British market begins to end. Economic harvest-feast was not hampered by this, as the development of minelaying initiatives to forge Australias natural resources attracted foreign investment, which underpi nned economic expansion. This establishment ! of a mining industry continued the high level of economic growth in the post-war period. ?1974 was the end of the long boom. [edit[->2]] 1974 - pledge The Australian striving Exchange Limited[->3] (ASX) was formed in 1987 through and through the amalgamation of half-dozen independent stock exchanges that formerly operated in the declare capitals. apiece of those exchanges had a...If you want to get a full essay, rate it on our website: BestEssayCheap.com

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